NEWS: USA100 price is falling -1.5%. The technology and growth heavy USA100 is tumbling as investors fear higher treasury yields are here to stay and rotate out of speculatives stocks and into value stocks.
Possible Scenarios:
If USA100 fails to breach through S2 of 16273.95, our Research Department expects the USA100 to undergo a short-term upward correction.
If USA100 manages to break below its S2 of 16273.95, our Research Department expects the USA100 to extend its losses to its S3 of 16219.92.
Support and Resistance Levels:
USA100 |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
16219.92 |
16273.95 |
16327.97 |
16400.00 |
16472.03 |
16526.05 |
16580.08 |
Potential Profit or Potential Loss Calculations:
10 points per 1 trading lot* |
USD |
EUR** |
GBP*** |
||
(+/-) $113.19 |
(+/-) €100 |
(+/-) £73.8 |
*1 trading lot is equivalent of 10 units
**EUR/USD = 1.13186
***GBP/USD = 1.35506
Calculations for exchange rate used as of 15:44 (GMT) 04/01/2022